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by Manuel_D
1392 days ago
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Nuclear power is cheaper when built in serial production. That's the basic conclusion of any analysis of the history of nuclear power construction. There's nuance as to why, but the basic pattern is that putting an order of 40 steam generators [1] is cheaper than a run of just 4 of them. Similar deal with specialized pumps and other nuclear power components. Suppliers can re-use infrastructure and expertise, and get better deals on input materials by guaranteeing a stable demand. France's nuclear program in the 70s was much more effective than current nuclear projects because of that economy of scale. They build ~50 reactors of only a few types. The US is similar: many of its plants built in the late 1960 and 1970s delivered power at $2-3 billon USD per GW (adjusted for inflation), and some of them under $2 billion per GW. And these aren't equal to other forms of generation: nuclear power's capacity factor is among the highest: https://en.wikipedia.org/wiki/Capacity_factor 1. https://en.wikipedia.org/wiki/Steam_generator_(nuclear_power... |
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Unintuitively though, this is incorrect - both for France[1] and the US[2]. Building subsequent versions of the same reactor design increases the cost - instead of it staying the same or going down.
[1] https://www.sciencedirect.com/science/article/abs/pii/S03014...
[2] https://news.mit.edu/2020/reasons-nuclear-overruns-1118